The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 11 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sanchez: Exclusivity, timeliness, scarcity, and relevance drive all buying decisions
“The only reason anybody, anybody buys anything is exclusivity, timeliness, scarcity relevance. And he's like, if you can figure out a way to wrap all four of those around whatever you do, you'll be able to sell more and more frequently and with less struggle.”
Pabrai: Companies with durable moats like Goldman Sachs should never be sold
“Another stupid thing I did, which is a company like Goldman Sachs should never be sold.”
Sanchez: Goldman Sachs cut the bottom 20% of employees annually
“I do look back at my days at, like, Goldman Sachs, and they cut the 20% of everybody every year.”
Sanchez: Goldman Sachs used to fire 20% of staff annually
“Goldman Sachs used to cut 20% of its staff every single year, no matter what.”
Sanchez: Working at prestige brand companies elevates reputations for decades
“If you work for a big company or a company with a good name, that can last you
Like, decades. I haven't worked at Goldman Sachs since, like, 2008, and I was, like, a peon analyst nobody back then, and yet the first thing people say about me still is that I wor…”
Codie Sanchez: Average employee tenure at Goldman Sachs is 2.5 years
“There's a reason that Goldman Sachs, the average tenure is two and a half years.”
Sanchez: Putting in 10% extra work still creates major career opportunities
“And so the only thing I could figure out how to do was be in there earlier than everybody else and stay later than everybody else. That's literally all I had. But damn if that wasn't enough. And you know, of course one of the MDs sort of You know, saw me there…”
Pabrai: Warren Buffett paid $130 per share for Goldman Sachs in 2008
“Warren paid 130 dollars a share at that time for Goldman Sachs during the financial crisis.”
Pabrai bought Goldman Sachs at $65 per share, half Buffett's price
“I bought it at 65 dollars a share, ok? Half of Warren's price.”
Sham Buyers Use AI Voices to Fake Goldman Sachs Bankers
“Like, AI voice bankers who say they work at Goldman Sachs, who will trick you on the phone to tell you that their purchaser has all the money in the world. They submit offers, and then the deposit doesn't show up, and they waste all your time. We have sham buy…”